v3.26.3
Oil and Gas Properties (Tables)
12 Months Ended
Dec. 31, 2025
Oil and Gas Properties [Abstract]  
Schedule of Net Capitalized Costs Related to the Company’s Oil and Gas Producing Activities

Net capitalized costs related to the Company’s oil and gas producing activities at December 31, 2025 and December 31, 2024 are as follows:

 

   December 31,   December 31, 
   2025   2024 
Leasehold cost  $75,874,552   $89,612,354 
Intangibles   10,953,860    6,336,922 
Lease and well equipment   2,536,279    3,442,627 
Capitalized asset retirement obligation   1,078,670    893,235 
Total oil and gas properties, successful efforts method   90,443,361    100,285,138 
Accumulated depreciation, depletion, and amortization   (8,491,565)   (2,759,226)
Oil and gas properties, net  $81,951,796   $97,525,912